Summary Of COBRA Benefits

If you are considering COBRA insurance, be sure to talk to your employer or a health insurance agent to learn more about your options. The following is a list of benefits that come with COBRA.

1. Continuity of coverage: COBRA allows you to keep your employer-sponsored health insurance for up to 18 months after you leave your job. This can be a lifesaver if you lose your job and need health insurance.
2. Same coverage: You will get the same coverage under COBRA as you did under your employer’s plan. This includes the same doctors, hospitals, and prescription drug coverage.
3. Pre-Existing Condition Coverage: COBRA cannot deny you coverage based on pre-existing conditions. This means that you can get the care you need, even if you have a chronic health condition.
4. No waiting periods: You can start using COBRA coverage immediately. There is no waiting period after you enroll.
5. Flexible enrollment: You can choose to get COBRA health insurance at any time during the 60-day period after your qualifying event. Giving you time to review your options and decide if COBRA is the right choice for you.
6. Tax benefits: You may be able to deduct your COBRA premiums on your taxes. This can help to offset the cost of coverage.
7. Peace of mind: COBRA can give you peace of mind knowing that you have health insurance coverage in case of an unexpected illness or injury.
8. Access to preventive care: COBRA covers preventive care services, such as annual physicals and vaccinations. This can help you stay healthy and prevent costly medical problems down the road.
9. Choice of doctors: You can choose to see any doctor who is in your COBRA plan’s network. This gives you the freedom to see the doctor you want, when you need to.

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